MSU Report: State’s Local Governments Have $12.7 Billion In Unfunded Liabilities
LANSING - A new study shows 311 local governments in Michigan have a combined unfunded liability of $12.7 billion, a specialist from Michigan State University told the House Financial Liability Reform Committee on Thursday. Eric Scorsone, an MSU Extension specialist, said in a new report that Detroit carries 39 percent of the unfunded liabilities, with